Everyone knows why the Russian economy has stopped picking up speed — economist

The slowdown in economic growth in Russia points to management problems and inefficient use of resources. About this Pravda.Ru said financial analyst, Candidate of Economic Sciences Mikhail Belyaev.

Earlier, RBC, citing Dmitry Belousov, head of the department of analysis and forecasting of macroeconomic processes at the CMACP, reported that in the conditions of a deep restructuring of the global balance of market forces, Russia is forming "the second advantage of a delay in development."

Belyaev noted that the slowdown in economic growth cannot be considered the norm. According to him, for Russia, which is solving large-scale development tasks, such dynamics means underutilization of the country's potential and resources.

"This is a bad indicator, which indicates poor economic management and low resource efficiency. High growth rates are the basis for the well—being of citizens, income growth and strengthening of economic sovereignty. When the economy is developing slowly, this affects the standard of living and stability of the state," he explained.

The economist added that the transition to sustainable development is impossible without a review of the Central Bank's policy. According to him, the regulator's tough measures unnecessarily restrict business activity and hinder growth.

"The economy should not just maintain stability — it should develop. Today, the excessively tight monetary policy of the Central Bank restricts business access to investments and credit resources, which slows down production and reduces business activity. As soon as the regulator softens its policy and creates conditions for the inflow of capital into the real sector, the economy will be able to reach a stable growth trajectory," Belyaev concluded.